BP expands Sale.

BP expands Sale. BP may sell assets to $ 5 billion more than promised, but the market is discussing a possible takeover. 07/12/2010, In mid-June, BP promised to reserve $ 20 billion in case of payments in connection with the liquidation of consequences of the accident in the Gulf of Mexico. The company will sell non-core deposits of $ 8 billion, cut capital costs by $ 2 billion and freeze dividends ($ 7.8 billion). BP plans to sell additional assets for another $ 5 billion, wrote Friday in The Times. According to the press service of BP, plans to remain the same - the sale of assets by $ 10 billion a year. BP is now in exclusive talks with Apache Corp. to sell assets worth $ 12 billion, including shares in North America's largest oil field - Prudhoe Bay in Alaska, now the parties agree on deal structure, according to The Sunday Times. Representatives of BP and Apache is not commenting. BP is operator and owns approximately 26% of the project Prudhoe Bay, where a year produced 20 million tons of oil equivalent. This is one of the most valuable production assets BP, but its fate could affect BP negative attitude towards the U.S., says analyst "Troika Dialogue " Valery Nesterov. In 2006 on the Prudhoe Bay oil pipeline ruptured and leaked more than 1000 tons of oil, and BP was fined $ 20 million. Last week, BP began seeking investors to help it protect against absorption, and Middle Eastern investors have already made a proposal. Yesterday, The Sunday Times reported that the White House would not mind if Exxon or perhaps, Chevron will try to buy BP for $ 150 billion, "Exxon negotiator expressed serious interest. It's too early to talk about the proposal, but that is all there is "- said The Sunday Times ranking source in the oil industry. The deal would create a company with a capitalization of over $ 400 billion On a possible takeover by BP Exxon recently told an analyst at JPMorgan Fred Lucas. In his opinion, Exxon can afford to offer for a BP more than 50% premium over the market ($ 133 billion for the company). Assets of BP is also interested in mining giant BHP Billiton, said Bloomberg analyst at Morgan Stanley Campbell, Craig. On Wednesday, CEO of BP , Tony Hayward, offered to buy 10% stake in Crown Prince of Abu Dhabi Mohammed Bin Zayed Al Nahyan, broadcast Dow Jones. BP representative confirmed the meeting, reiterating that the company has no plans an additional issue. It has 1.85 billion of treasury shares, according to the materials of the Securities USA. On Friday, the package was worth $ 10.2 billion About 90% of these securities is not used in the programs of distribution of shares among employees and can be sold, says FT. At this stage, the absorption of BP is unlikely, says Nesterov, but if the total damage from the disaster BP reach $ 50-70 billion, even the sale of treasury shares will not save her from the absorption.